The Enforcement Directorate has seized properties valued at more than ₹ 500 crore in connection with a suspected money laundering case involving Jet Airways (India) Ltd. Located in London, Dubai, and a few Indian states, the properties comprise seventeen residential apartments, bungalows, and commercial structures registered in the names of …
Veteran of the aviation sector Sanjiv Kapoor has joined Saudia Group after resigning as CEO-Designate of Jet Airways last month. Saudia, formerly known as Saudi Arabian Airlines, is the country’s flag airline. He tweeted on Wednesday, “I am delighted to report that I have joined the Saudia Group as Advisor …
The National Company Law Tribunal (NCLT) has approved the Kalrock-Jalan consortium’s resolution plan for Jet Airways, with riders. The Directorate General of Civil Aviation (DGCA) and Ministry of Civil Aviation (MCA) have been given 90 days from June 22 to allot slots to the airline, CNBC-TV18 has reported. The civil …
